Real estate in Kazakhstan increases in price

Mar 05. Caspionet

Real estate in Kazakhstan increases in priceIn February 2013 the average price of flats in Kazakhstan equaled 225,776 tenge per square metre and increased by 8.42%. During one month the price for real estate at the secondary market increased by 1.08%. KazRielt Real Estate has announced that in February 2013 the average price for flats in Kazakhstan was estimated at 225,776 tenge per square metre and increased by 8.42% over 12 months. During 1 month the price for real estate at the secondary market increased by 1.08% to 225,485 tenge per square metre. In the period from January to February the price for new flats increased by 0.48% to 251,830 tenge per square metre. In February, 2012 the price for these flats was 9.46% lower. The research also stated that individual housing has increased in price by 0.5% to 27.367 million tenge per one facility. During one year the growth in prices in the private sector was 3.39% lower. In February, the average weighted price for one and two-roomed flats was 80,520 and 121,588 tenge per month. In the first case the decrease in prices equaled to 1.68% and in the latter case rent rates decreased 0.42%. According to KazRielt Real Estate, a year ago the price for one and two-roomed flats was 7.61% and 8.68% lower.

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